Tlwm Boosts Stock Position in Jacobs Solutions Inc. (NYSE:J)

Tlwm increased its stake in Jacobs Solutions Inc. (NYSE:J) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,120 shares of the company’s stock after purchasing an additional 169 shares during the quarter. Tlwm’s holdings in Jacobs Solutions were worth $818,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in Jacobs Solutions by 12.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 433,748 shares of the company’s stock worth $56,778,000 after purchasing an additional 47,211 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Jacobs Solutions in the third quarter worth $3,205,000. Sei Investments Co. raised its position in shares of Jacobs Solutions by 32.1% in the second quarter. Sei Investments Co. now owns 271,760 shares of the company’s stock worth $37,968,000 after buying an additional 66,002 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Jacobs Solutions during the third quarter worth about $1,756,000. Finally, Aigen Investment Management LP bought a new position in Jacobs Solutions in the 3rd quarter worth about $709,000. 85.65% of the stock is currently owned by institutional investors.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $134.36 on Tuesday. The company has a market capitalization of $16.66 billion, a PE ratio of 21.23, a PEG ratio of 2.07 and a beta of 0.72. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 1.20. Jacobs Solutions Inc. has a 1-year low of $108.19 and a 1-year high of $150.54. The business has a fifty day moving average price of $137.55 and a 200-day moving average price of $141.55.

Jacobs Solutions (NYSE:J) last posted its earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the prior year, the company posted $1.90 EPS. Jacobs Solutions’s revenue was up 4.4% on a year-over-year basis. As a group, equities analysts expect that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on J. Citigroup dropped their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Truist Financial boosted their target price on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research report on Thursday, December 19th. Raymond James upgraded shares of Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research report on Friday, October 4th. Finally, Benchmark cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $156.11.

About Jacobs Solutions

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.